The Federal Planning Bureau has been publishing medium-term macroeconomic projections for the Belgian economy since the beginning of the eighties. In this working paper past projection errors are scrutinised to give users a broad idea of the uncertainties surrounding these projections. The...

This Working Paper is aimed at describing the current version of Federal Planning Bureau's medium-term macrosectoral model, named HERMES. This model is used to produce on a regular basis medium-term outlooks for the Belgian economy. In addition to the main macroeconomic aggregates (GDP, private...

The Federal Planning Bureau took part, in collaboration with the German institute diw Berlin, in a technical assistance project aimed at developing different modelling approaches for the economy of Lesotho, a small country landlocked within the territory of South Africa. This paper summarises...

This Working Paper studies the financial and social sustainability of the Belgian social protection system. The results of this publication were presented at the 20st Congrès des économistes belges de langue française and published in the conference proceedings. Assuming no policy changes and...

The Federal Planning Bureau has a long tradition in providing long-term projections focused on the evolution of social expenditure within an overall framework of public finance, using the MALTESE system of models. This outlook is based on different scenarios: demographic, socio-economic,...

The Federal Planning Bureau is responsible, within the National Accounts Institute, for producing the macroeconomic forecasts that are used to set up the federal government budget. This working paper presents an update of the ex post assessment of the quality of these forecasts. Compared to the...